7. Subsidiaries

These consolidated financial statements include the assets, liabilities and results of operations of the following significant subsidiaries:

    Effective share of the Group as at 31 December
Subsidiary Main activity 2014 2013
       
CJSC MTs NTT Communication services (fixed line) 100% 100%
CJSC Westelcom Leasing of equipment 100% 100%
OJSC Infoteks-Taganrog Telecom Communication services 99.99% 99.99%
CJSC Zebra Telecom Communication services 100% 100%
OJSC RTComm.RU Communication services (internet) 100% 100%
CJSC RTComm-Sibir Communication services (internet) 100% 100%
LLC RTComm-Volga-Ural Communication services (internet) 51% 51%
LLC RTComm-Ug Communication services (internet) 100% 100%
CJSC NSS Communication services (mobile) - 100%
LLC Uzhno-Uralskaya telefonnaya compania Communication services 100% 100%
CJSC Baikalwestcom Communication services (mobile) - 100%
CJSC Yenisey telecom Communication services (mobile) - 100%
CJSC Akos Communication services (mobile) - 94.56%
CJSC Globus-Telecom Communication services 94.92% 94.92%
CJSC Makomnet Communication services 51% 51%
CJSC Natsionalnoe media agentstvo* TV services - 100%
LLC Televisionnaya kompaniya Novy Vybor Radio and TV 100% 100%
LLС NKS Media* Other - 100%
CJSC TKT-stroy R&D services 100% 100%
LLC Art Media Markt* Other - 100%
LLC Mobitel Investment company 100% 100%
OJSC RT Labs Communication services 100% 100%
CJSC AMT Investment company 100% 100%
LLC Intmashservis Repair services 100% 100%
OJSC Mobiltelecom Communication services 91.75% 91.75%
OJSC Regionalnie informatsionnie seti R&D services 100% 100%
CJSC NTC Komset R&D services 55.45% 55.45%
LLC Set Stolitsa Maintenance services 100% 100%
CJSC Sankt Peterburgskie taksofoni Communication services 100% 100%
NP Telecomcentr R&D services - 100%
CJSC Volgograd-GSM Communication services (mobile) - 100%
CJSC Severen-Telecom Communication services 100% 100%
CJSC GNC Alfa Communication services 74.98% 74.98%
OJSC Kolatelecom Communication services 50% 50%
CJSC Chita-Online Communication services (internet) 100% 100%
CJSC Sky Link Communication services (mobile) - 100%
CJSC MS-Direct Communication services (mobile) - 100%
CJSC Delta telecom Communication services (mobile) - 100%
OJSC Moscovskaya sotovaya svyaz Communication services (mobile) - 100%
OJSC Kaliningradskie Mobilnie Seti Communication services (mobile) - 100%
LLC Pilar Communication services (mobile) - 100%
CJSC Skay-1800 Communication services (mobile) - 100%
CJSC Uralvestcom Communication services (mobile) - 100%
CJSC Astarta Communication services (mobile) - 100%
CJSC Saratovskaya sistema sotovoy svyazy Communication services (mobile) - 100%
OJSC Apeks Communication services (mobile) - 93.5%
OJSC Tsentralny Telegraph Communication services (telegraph) 80% 80%
CJSC Otkritie telecommunikatsii Communication services - 80%
OJSC Giprosvyaz Engineering design 80% 80%
OJSC Chukotkasvyazinform Communication services 100% 100%
OJSC Bashinformsvyaz Communication services 70.95% 70.78%
LLС Bashtelecomservis Communication services 70.95% 70.78%
LLC Bashtelecomleasing Leasing 70.95% 70.78%
LLC Bashlelecominvest Investment company 70.95% 70.78%
LLC Sterlitamakstroyservis Communication services (internet) 70.95% 70.78%
OJSC Sotovaya svyaz Bashkortostana Communication services (mobile) 70.95% 70.78%
OJSC Ufimsky zavod promsvyaz Communication equipment manufacturing 70.91% 70.74%
CJSC Rosmedia Communication services 100% 100%
OJSC MMTS-9 Communication services 99.81% 99.81%
OJSC OK Orbita Recreational services 100% 100%
CJSC RPK Svyazist Recreational services 100% 100%
CJSC BIT Communication services (mobile) - 100%
Rostelecom International Limited (former Teleset Networks Public Company) Communication services 100% 100%
LLC KM Media IT consulting 74.99% 74.99%
OJSC Svyazintek IT consulting 100% 100%

All the above entities have the same reporting date as the Group.

All significant subsidiaries, except for Rostelecom International and GNC Alfa, are incorporated in Russia. Rostelecom International is incorporated in Cyprus, GNC Alfa is incorporated in Armenia.

* Total share in LLС NKS Media, CJSC Natsionalnoe media agentstvo, LLC Art Media Markt was transferred as consideration for the acquisition of the share in OJSC Tsifrovoe televidenie (refer to Note 8).

Set out below are the summarised financial information for each subsidiary that has non-controlling interests that are material to the group.

Summarised statements of financial position
CJSC Makomnet Bashinformsvyaz Group
As at 31 December As at 31 December
  2014 2013 2014 2013
Current assets 491 504 5,383 3,877
Current liabilities (79) (103) (2,369) (2,879)
Total current net assets / (liabilities) 412 401 3,014 998
Non-current assets 1,511 1,612 9,949 11,466
Nob-current liabilities (212) (224) (3,109) (2,966)
Total non-current net assets 1,299 1,388 6,840 8,500
Net assets 1,711 1,789 9,854 9,498
NCI 837 876 2,863 2,776
Summarised statements of profit or loss and other comprehensive income
CJSC Makomnet Bashinformsvyaz Group
Year ended 31 December Year ended 31 December
  2014 2013 2014 2013
Revenue 1,361 1,340 7,642 7,586
Profit before income tax 389 429 1,127 1,233
Income tax (82) (90) (346) (316)
Total comprehensive income 307 339 781 917
Total comprehensive income allocated
to non-controlling interests
151 166 254 268
Dividends paid to non-controlling interests 189 196 71 47
Summarised cash flows
CJSC Makomnet Bashinformsvyaz Group
For the year ended 31 December
2014 2014
Cash generated from operations 586 2,342
Interest paid - (71)
Income tax paid (94) (720)
Net cash generated from operating activities 492 1,551
Net cash used in investing activities (126) (768)
Net cash used in financing activities (316) (1,430)
Net increase/(decrease) in cash and cash equivalents 50 (647)
Cash and cash equivalents at beginning of year 19 962
Exchange gains/(losses) on cash and cash equivalents   115
Cash and cash equivalents at end of year 69 430

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